👀 Whales are watching this:
“Crypto investor Luthra reveals details of kidnapping: beaten by assailants and more than $2 million in crypto assets transferred out”
After the news broke, I had just three questions about the money:
1. Are large orders skewed toward buying or selling?
2. Is trading volume for $ETH ($457 million in 24h) rising significantly?
3. Are there any large transfers from on-chain wallets to exchanges?
Only if all three point in the same direction can we say the news is being validated by the money; otherwise, it’s mostly emotional volatility.
Look at the data more and listen to narratives less, and you’ll avoid a lot of pitfalls.
“Crypto investor Luthra reveals details of kidnapping: beaten by assailants and more than $2 million in crypto assets transferred out”
After the news broke, I had just three questions about the money:
1. Are large orders skewed toward buying or selling?
2. Is trading volume for $ETH ($457 million in 24h) rising significantly?
3. Are there any large transfers from on-chain wallets to exchanges?
Only if all three point in the same direction can we say the news is being validated by the money; otherwise, it’s mostly emotional volatility.
Look at the data more and listen to narratives less, and you’ll avoid a lot of pitfalls.
